Katie Haun raises $1.5 billion for pair of crypto venture funds

Haun Ventures, led by former federal prosecutor Katie Haun, has raised $1.5 billion for two crypto-focused venture capital funds.

According to Axios, the money is divided between two pots: $500 million for early-stage investments and $1 billion for a so-called “accelerator” fund. Axios reports that Haun Ventures will invest in equity as well as tokens directly.

“We’ll invest through all layers of the web3 stack,” Haun told the publication.

Last January, it was reported that Haun would raise as much as $900 million for the initiative. 

CNBC reports that Andreessen Horowitz, where Haun previously served as general partner and co-chair of its crypto-focused funds, is a limited partner in Haun Ventures.